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          <cik>0000766285</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
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        <classId>C000065109</classId>
        <classId>C000131514</classId>
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      <regFileNumber>811-04276</regFileNumber>
      <regCik>0000766285</regCik>
      <regLei>549300XBCMMU088YXT31</regLei>
      <regStreet1>1300 North State Street</regStreet1>
      <regCity>Bellingham</regCity>
      <regStateConditional regCountry="US" regState="US-WA"/>
      <regZipOrPostalCode>982254730</regZipOrPostalCode>
      <regPhone>3607349900</regPhone>
      <seriesName>Amana Growth Fund</seriesName>
      <seriesId>S000022508</seriesId>
      <seriesLei>5493001D23D7S34LZF62</seriesLei>
      <repPdEnd>2026-05-31</repPdEnd>
      <repPdDate>2026-05-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totLiabs>9758973.030000000000</totLiabs>
      <netAssets>6768596316.970000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
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      <isNonCashCollateral>N</isNonCashCollateral>
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        <monthlyTotReturns>
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      <invstOrSec>
        <name>TAIWAN SEMIC-ADR</name>
        <lei>N/A</lei>
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          <isin value="US8740391003"/>
          <ticker value="TSM"/>
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        <curCd>USD</curCd>
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        <invCountry>TW</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRIMBLE INC</name>
        <lei>N/A</lei>
        <title>TRIMBLE INC</title>
        <cusip>896239100</cusip>
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          <ticker value="TRMB"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CISCO SYSTEMS</name>
        <lei>N/A</lei>
        <title>CISCO SYSTEMS</title>
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        <identifiers>
          <isin value="US17275R1023"/>
          <ticker value="CSCO"/>
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        <pctVal>1.6528715226</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASML HOLDING-NY</name>
        <lei>N/A</lei>
        <title>ASML HOLDING-NY</title>
        <cusip>N07059210</cusip>
        <identifiers>
          <isin value="USN070592100"/>
          <ticker value="ASML"/>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LINCOLN ELECTRIC</name>
        <lei>N/A</lei>
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        <cusip>533900106</cusip>
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          <isin value="US5339001068"/>
          <ticker value="LECO"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOHNSON CONTROLS</name>
        <lei>N/A</lei>
        <title>JOHNSON CONTROLS</title>
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          <isin value="IE00BY7QL619"/>
          <ticker value="JCI"/>
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        <pctVal>3.9612349067</pctVal>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LOWE'S COS INC</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <lei>N/A</lei>
        <title>TJX COS INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CHURCH &amp; DWIGHT</name>
        <lei>N/A</lei>
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          <ticker value="CHD"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
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        <name>ELI LILLY &amp; CO</name>
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          <ticker value="LLY"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOVO-NORDISK</name>
        <lei>N/A</lei>
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          <isin value="US6701002056"/>
          <ticker value="NVO"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STRYKER CORP</name>
        <lei>N/A</lei>
        <title>STRYKER CORP</title>
        <cusip>863667101</cusip>
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          <isin value="US8636671013"/>
          <ticker value="SYK"/>
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        <balance>350000</balance>
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        <curCd>USD</curCd>
        <valUSD>106781500</valUSD>
        <pctVal>1.5776018394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABBVIE INC</name>
        <lei>N/A</lei>
        <title>ABBVIE INC</title>
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          <ticker value="ABBV"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>APPLE INC</name>
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        <title>APPLE INC</title>
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          <ticker value="AAPL"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ORACLE CORP</name>
        <lei>N/A</lei>
        <title>ORACLE CORP</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALPHABET INC-A</name>
        <lei>N/A</lei>
        <title>ALPHABET INC-A</title>
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          <ticker value="GOOGL"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>NVIDIA</name>
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        <title>NVIDIA</title>
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          <ticker value="NVDA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Schneider Electric</name>
        <lei>N/A</lei>
        <title>Schneider Electric</title>
        <cusip>N/A</cusip>
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          <isin value="FR0000121972"/>
          <ticker value="SU FP"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.85734"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Advanced Micro Devices</name>
        <lei>N/A</lei>
        <title>Advanced Micro Devices</title>
        <cusip>007903107</cusip>
        <identifiers>
          <isin value="US0079031078"/>
          <ticker value="AMD"/>
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        <curCd>USD</curCd>
        <valUSD>258050000</valUSD>
        <pctVal>3.8124595989</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Eaton Corp PLC</name>
        <lei>N/A</lei>
        <title>Eaton Corp PLC</title>
        <cusip>G29183103</cusip>
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          <isin value="IE00B8KQN827"/>
          <ticker value="ETN"/>
        </identifiers>
        <balance>70000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28042000</valUSD>
        <pctVal>0.4142956484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trane Technologies PLC</name>
        <lei>N/A</lei>
        <title>Trane Technologies PLC</title>
        <cusip>G8994E103</cusip>
        <identifiers>
          <isin value="IE00BK9ZQ967"/>
          <ticker value="TT"/>
        </identifiers>
        <balance>395920</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>178678696</valUSD>
        <pctVal>2.6398190649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AutoZone</name>
        <lei>N/A</lei>
        <title>AutoZone</title>
        <cusip>053332102</cusip>
        <identifiers>
          <isin value="US0533321024"/>
          <ticker value="AZO"/>
        </identifiers>
        <balance>40000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>117407600</valUSD>
        <pctVal>1.7345930308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ServiceNow</name>
        <lei>N/A</lei>
        <title>ServiceNow</title>
        <cusip>81762P102</cusip>
        <identifiers>
          <isin value="US81762P1021"/>
          <ticker value="NOW"/>
        </identifiers>
        <balance>1125000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>139916250</valUSD>
        <pctVal>2.0671383467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Broadcom Ltd</name>
        <lei>N/A</lei>
        <title>Broadcom Ltd</title>
        <cusip>11135F101</cusip>
        <identifiers>
          <isin value="US11135F1012"/>
          <ticker value="AVGO"/>
        </identifiers>
        <balance>1101740</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>492224379.8</valUSD>
        <pctVal>7.2721781112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WASTE MANAGEMENT</name>
        <lei>N/A</lei>
        <title>WASTE MANAGEMENT</title>
        <cusip>94106L109</cusip>
        <identifiers>
          <isin value="US94106L1098"/>
          <ticker value="WM"/>
        </identifiers>
        <balance>265000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56036900</valUSD>
        <pctVal>0.8278954362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prysmian SPA</name>
        <lei>N/A</lei>
        <title>Prysmian SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0004176001"/>
          <ticker value="PRY IM"/>
        </identifiers>
        <balance>1160000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85734"/>
        <valUSD>199925110.30</valUSD>
        <pctVal>2.9537159603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fujikura Ltd</name>
        <lei>N/A</lei>
        <title>Fujikura Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3811000003"/>
          <ticker value="5803 JP"/>
        </identifiers>
        <balance>5100000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.265"/>
        <valUSD>152054271.3</valUSD>
        <pctVal>2.2464668327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Smith &amp; Nephew PLC</name>
        <lei>N/A</lei>
        <title>Smith &amp; Nephew PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0009223206"/>
          <ticker value="SN/ LN"/>
        </identifiers>
        <balance>6759770</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74256"/>
        <valUSD>100850678.30</valUSD>
        <pctVal>1.4899792086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AstraZeneca PLC</name>
        <lei>N/A</lei>
        <title>AstraZeneca PLC</title>
        <cusip>G0593M107</cusip>
        <identifiers>
          <isin value="GB0009895292"/>
          <ticker value="AZN"/>
        </identifiers>
        <balance>795000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>147607650</valUSD>
        <pctVal>2.1807719516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Constellation Software Inc</name>
        <lei>N/A</lei>
        <title>Constellation Software Inc</title>
        <cusip>21037X951</cusip>
        <identifiers>
          <isin value="CA21037X1006"/>
          <ticker value="CSU CN"/>
        </identifiers>
        <balance>17000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.37865"/>
        <valUSD>34808044.1</valUSD>
        <pctVal>0.5142579417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-05-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Amana Mutual Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>Christopher Fankhauser</ncom:signature>
      <ncom:signerName>Christopher Fankhauser</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
